Seems that Mastercard is going to end it's private charter and go public...with pressure on Visa to follow suit.....

This should put some competitive pressure on rates with other card players such as Amex, Discover on more of an equal footing.... it should also make MC and Visa accountable to the public instead of being able to just be a big bully not worrying about shareholders rights and income....

could be interesting and maybe even make the atmosphere for charging as merchants less volatile in the years to come?

anyway here is the source article, reposted from Washington Post...


http://www.washingtonpost.com/wp-dyn...083100902.html